efficiencyandexternalities.blogspot.com
Efficiency and ExternalitiesSecond-best blogging for a second-best world
http://efficiencyandexternalities.blogspot.com/
Second-best blogging for a second-best world
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Efficiency and Externalities | efficiencyandexternalities.blogspot.com Reviews
https://efficiencyandexternalities.blogspot.com
Second-best blogging for a second-best world
efficiencyandexternalities.blogspot.com
Efficiency and Externalities: Rainfall isn't an externality, so why is having a bucket of water poured on you an externality?
http://efficiencyandexternalities.blogspot.com/2015/05/rainfall-isnt-externality-so-why-is.html
Second-best blogging for a second-best world. Thursday, May 21, 2015. Rainfall isn't an externality, so why is having a bucket of water poured on you an externality? Say you're walking along and someone pours a bucket of water on you. That's an externality. Say you're walking along and it starts to rain on you. That's not an externality. Then we learn something interesting: in this case at least, the inefficient situation is preferable to the efficient situation. In fact, it's Pareto superior. Externalit...
Efficiency and Externalities: The Infinite Nobel-Worthy Theorem Generator
http://efficiencyandexternalities.blogspot.com/2015/05/the-infinite-nobel-worthy-theorem.html
Second-best blogging for a second-best world. Thursday, May 21, 2015. The Infinite Nobel-Worthy Theorem Generator. Ronald Coase is famous for a theorem George Stigler invented, which states that all mutually desirable transactions happen if there's no reason for them not to happen. The corollary is that if some mutually desirable transactions don't happen, they don't happen for some reason. This theorem won Coase a Nobel prize. Stigler also won a Nobel prize for different reasons. View my complete profile.
Efficiency and Externalities: What This Blog Is About
http://efficiencyandexternalities.blogspot.com/2015/05/what-this-blog-is-about.html
Second-best blogging for a second-best world. Wednesday, May 20, 2015. What This Blog Is About. Welcome to a new blog on welfare economics. Welfare economics provides the framework economists use to solve real world problems. So it's very important to get welfare economics right. Much of this blog will be about explaining how economists have not got welfare economics right, and what might be right instead. There are essentially three premises that underlie my view of welfare economics:. A note on the nor...
Efficiency and Externalities: May 2015
http://efficiencyandexternalities.blogspot.com/2015_05_01_archive.html
Second-best blogging for a second-best world. Wednesday, May 27, 2015. The unexplained and the unexplainable. I demonstrated yesterday how the idea of externalities as defined by the presence of external costs relies on the externality going partially unexplained. External costs are necessarily unexplained because they are unexplainable. There are two ways to reconcile this contradiction:. 1 The improving alternative is actually infeasible. 2 The feasible alternative is actually not improving. Yesterday ...
Efficiency and Externalities: Should you prefer inefficiency to efficiency?
http://efficiencyandexternalities.blogspot.com/2015/05/should-you-prefer-inefficiency-to.html
Second-best blogging for a second-best world. Thursday, May 21, 2015. Should you prefer inefficiency to efficiency? Suppose World 1 is efficient, and you are happy/satisfied/whatever to the tune of 100 utils. Suppose World 2 is inefficient, and you are happy/satisfied/whatever to the tune of 100 utils. Which world should you choose to live in? Otherwise superior World 1 would have to be for you to be indifferent between the two. Subscribe to: Post Comments (Atom). View my complete profile.
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Cardinal vs. Ordinal Utility
http://consultingbyrpm.com/blog/2015/05/cardinal-vs.-ordinal-utility.html
Consulting by RPM Free Advice Blog. Fruits of my labor. Cardinal vs. Ordinal Utility. David R. Henderson. Uh oh, it’s David R. Henderson and me vs. Tyler Cowen and David Friedman. How do you rank the gladiators? There has been a flareup in free-market economist circles over the issue of interpersonal utility comparisons. First. Tyler Cowen wrote a post. 41 Responses to “Cardinal vs. Ordinal Utility”. 8220;Therefore it makes no sense to say Jim gets more or fewer utils than Sally … even if we though...
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efficiencyandexternalities.blogspot.com
Efficiency and Externalities
Second-best blogging for a second-best world. Wednesday, May 27, 2015. The unexplained and the unexplainable. I demonstrated yesterday how the idea of externalities as defined by the presence of external costs relies on the externality going partially unexplained. External costs are necessarily unexplained because they are unexplainable. There are two ways to reconcile this contradiction:. 1 The improving alternative is actually infeasible. 2 The feasible alternative is actually not improving. Yesterday ...
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A Fuel Saving OBD2 Computer for Android. May 4, 2011. Latest Release: 1.04. 8211; Several Bug Fixes. 8211; 5 new gauges: Average Difference, Fuel Rate, Fuel Used, Trip Distance, and Trip Cost. 8211; Scan and Clear DTCs (paid version only). 8211; Vehicle Calibration for more accurate results. 8211; Support for other fuel types (beta). 8211; Option to Email your Trip results and Error log for debugging. Blog at WordPress.com.
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